Gwyneth Paltrow’s Layman’s Guide To Money

THURSDAY is GOOP day, the communique from Gwyneth Paltrow’s blog on how to live life your life as well as Gwyneth Paltrow lives hers.

You may suppose that to live like Gwyneth Paltrow, you need to earn like Gwyneth Paltrow. And you’d be right. But now Gwyneth has heard the clamour, spotted the lack of economic experience in the world just now, and duly delivered her guide to money.

Here’s a collection of thoughts on the topic of investing from two bankers, a money coach and an accountant. Some illuminating concepts, histories and practical advice for the layman in these uncertain times.

Gwyneth is to a laymen as a fish is to electric shock therapy. A Rod Rehnborg advises:

There are no easy answers, although a mix of stocks, hedge funds, and vegetable gardens seems sensible to me.

The next guru offers this top tip for surviving the financial maelstrom:

Tip#1: Just Ask. To make saving money a way of life, remember the phrase: “Just Ask!” For starters, ask yourself three questions:
• Can I get it free?
• Can I get it for less?
• Can I get it in exchange for something else?

4: Can I get it into a Oscar night goody Bag; and will my trustfund allow it?

The third wise man tells us:

Many Americans graduate from college and start their first jobs inundated with paperwork about their company’s retirement plans.

Other don’t. Other’s – let’s call them laymen – have people whose actual job is to look at paper work all day.

Image: Gwynnie saves money on utilities by hanging out with a night light.